New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-19
PUBLIC MEN AND AFFAIRS.
sHORTTALKs ABOUT MATTERS OF CURRENT
INTEREST

INTEREST.
The enormous increase and growth of the iron bust
in this country was illustrated in chat which
had recently with of the oldest iron men OF Pitts
burg, Is. F. Jones' who is president OF the Iron ant
Steel Association of Pennsylvania He rem arked
When first began business In Pittsburg we hat
furnace which supplied three tour tons OF iroI
per AZ. All the material OF every description which
went into the furnace was not over fifteen tons
! day. To-day we have single furnaces which supply
800 tons of iron per day and receive about 500
tons Of material. 1t makes a vast difference In the
number Of men employed With small vein OF iron t.
operate on in the hl when We had so light a demand
Tor it, we merely skrtcd the hill Now must mine
away underneath the hill with an army OF men and
great expense"
The firm of 10 & Lau ghlin, OF which Mr.. Jones Is
a member, had experience in the Lake Superior
iron region which is illustrative of the rapid turns o
fortune They at one time purchased 800 or 4oo
acres of land Lake Angelica. They became &C n
vinced that their property was LOOT investment ana
would have sold it tor a song at any time. lhey
CHARGED 1t of the books to profit and loss account,
although they still held the title deeds. One day
man came to their Office and offered thom ninety
acres of land adjoining their own tor 1000. They
laughed at the idea OF buying any more unproducive
property bit finally in spirit OF banter offered him
5000 for the land. He took it. They have since
developed valuable iron mine on this tract and have
discovered that the vein under their old property
The ninety tract is considered worth over three
quarters of a million dollars.
A welintormed Southern man who finds his way
occasionally to New-York is Colonel W. p Canaday
of North Carolina the SergeantatArms OF the United
States Senate. As politician Colonel Canaday Is an
earnest Sherman man, although in 1884 lie was
warm supporter OF MIR. Blaine Tor the nomination Tor
the Presidency. He explains this by saying: In
frank talk that had with Senator Sherman he told
me that he had expectation of being nominated Tor
President, and was not inclined to uige any OF his
40 a. in half fol I'M L
should support Mr.. Blaine for the nomination. and l
did Sc. l know from conversations that have had
with Senator Sherman that he is not making any
strenuous efforts for the nomination next year. lie
told me here in New-York that he was Especially
DESTROYS that friend of his should make any attack
on Mr. Blaine his interests other rise because he
had always been on terms OF intimate friendship with
Mr. Blaine and would continue TO retain that friendly
relation. think he recognizes, az we all do that Mr.
Blaine's friends will be sufficiently powerful in the
convention to determine the nomination, il
Mr. Blaine himself should not be can
didate, and Is anxious for the sake OF the
party that there shall be no bitter antagonisms
which might prevent the cordial unity the party In
the campaign. In his speech at Springfield on the
Southern question Senator Sherman was right. He
took the only ground that any Republican can take In
this country who understands the situation IN the
South. Since 1865 white ma1 has been hung for
the killing Of a negro in the South, although hundreds
of black men have been murdered in cold blood by
situation may be summed up"
{" Ihave been credited with great deal more in
terest In politics than really take" sGid Colonel
Canaday. As fact my interests are becoming more
and more bound up in business affairs. fbe creosotng
OF pine timber for docks and wharyes and for the
sructon OF rail- Dads has become one Of the great
interests of the Atlantic Coast. l an president of
company whose works are located at Wilmington. We
have recently branched out in the construction OF
works AT Fernandina Fla We take the yellow pine
logs sixty to ninety feet in length. Put them into
cylinder retorts and toree them full OF creosote 1t
preserves the timber against dry and water rot as
well against the rava2es oil the teredo worm in salt
water. We have sent millions OF feet OF timber for
cross ties to South America, ana there is prospect
that will send 10000 600 10000. 900
feet to France within the next year Senators Malone,
Butler, Plumb and large number OF prominent men
are inter- sted in the business which has become very
profitable The length OF the timber which we can
a cylinder loo feet long for the Wilmington works
We shall then have capacity Tor cresoting loOOOO
ieet of timber day. c. p. huntington Is having
dry dock constructed at Newport News by j. l..
Simpson, which is the largest dry dock in this
country, and all creosOted."
When the excitement was raging over the collapse
OF the wheat corner in Chicago, inquired OF Frank
lien, who is popular member of the Produce Ex-
change if the tremendous tall in the price OF wheat
would not result in the cheapeniu1 OF the price OF
-four Mr.. Allen has been engaged for years in the
is an owner being iu OF the Western States. lie
said " The drop the price OF wheat OF Chicago
does not affect the milling price 80 much as people
might think. II we could buy this wheat at Chicago
Tor 20 cents and freight it TO mills AZ less price
than we can purchase the wheat in the surrounding
region there would be aa important difference pro-
vided the quality OF the wheat such IS required
for milling. The conditions to tres hit rates are
SUCH however, that we are Obliged to rely Tor our
supply upon the OF the country inmed atcly
surrounding mills, and even though the price OF
grain the specu alive market at Chcag drops very
low we cannot get this grain from the farmers except
by paying about the same price before the drop
Most the gram In which there is speculation il OF
10 grade than require for the manufacture OF
fine flour, that the market may 60 up or down with
out materially affecting The same thing is true Of
tho greater part oil the milling interest CT the
country"
wilma Fl. Armstrong. OF Washington. is small
and slender with gray hair and whiskers. lie
believes that the time will come when all places
of public gathering or OF public convenience Tor
travel will be lit by electricity the OF safety
Sal The Among the recent developments OF electric
lighting you may have noticed that alter the burning
OF the Theatre Comque In Paris the city authorities
took action looking TO tho increased safety OF audi
euces They have given notice to tho theatres and
places OF public gathering that within three months
all such places must electric light instead OF gas
This suggestion is manitestly in the line OF public
safety that l think it will the serious at
tention of the city authorities the world With
storage battery ydtem perfected all the objections
that were formerly raised to the uncertainty of
ele trio lighting have been removed. Paris, by
the way, is the home OF storage battery inventors.
although to this country is due the perfection
OF the system On question OF expense Paris has
recently ordered out the electric street lights
and returned to gas, There no question OF SAFETY
involved in street lighting"
Mr.. Lewis, who is with tho Rand Drill Company
has occasion TO visit all parts of the country where
mining operations are progress. lie has just
returned from trip to Georgia Alabama and Ten
nessee, and his views upon that new coal and iron
region drawn out in a chat yesterday. Said he
The fields of business venture in these States In
the way Of COAL iron and marble quarries all right
SO long as they are managed legitimate business
investments. | mean by this that If the people of
States who control these properties devote them
al tn a which Lat a